| Hot News |
- November unemployment rate in the U.S. on December 16 at 21:30
2. November seasonally adjusted non-farm payrolls in the U.S. (in ten thousand) on December 16 at 21:30
Review: Today, the most frustrating thing is not the wild fluctuations, but rather that those who chased the rise got washed out, while those who tried to catch the bottom got stuck halfway. If you continue to chase highs and lows, today could easily turn into a situation where every chase leads to a drop and every short leads to a rise, getting hit from both sides. Today's daytime market is characterized by a typical shrinking volume and a downward trend. The price action is most likely to form a weak rebound, falsely stabilizing before dropping again. In terms of news, the regulatory environment in Europe and the U.S. is slowly pushing crypto towards compliance. Large funds at the bottom are not leaving but are instead gradually accumulating at lower levels. Especially Bitcoin is more inclined to be slowly collected. The short-term reaction of altcoins is also more sensitive, often dropping first before recovering. On the daily level, Bitcoin's volume is clearly weaker than Ethereum's.
As of 23:00, U.S. stocks also showed a pattern of opening high and closing low, led by a decline in tech stocks due to negative news for AI trading. Last Friday, U.S. AI tech stocks faced a "bloodbath": tech stocks led by Nvidia, Oracle, and Broadcom plummeted, reigniting investor concerns about the AI bubble and the prospects for computing infrastructure. Coupled with the global decline in tech stocks, related sectors in the A-shares market are also under pressure, further suppressing market risk appetite. Currently, the three major U.S. stock indices are continuing to decline.
BTC: After a quick surge in the morning, Bitcoin was once again pressed down by the U.S. market in the evening, with strong resistance appearing around the 90,000-89,000 line during the daytime. Given the current market backdrop, even if the market may develop into an upward trend again, we should still take profits and wait for outside funds to enter on Thursday and Friday before re-entering. A simple logic is that as long as the 4-hour chart remains below the middle band of the Bollinger Bands, any rebound will likely be on shrinking volume. Therefore, it is highly probable that it will revisit the long position entry around 86,500 from early December for a second bottom repair. In terms of operations, if you have already taken profits from high shorts during the daytime, do not continue to chase shorts halfway. For long positions, it is better to patiently wait for the 86,500-85,800 line to choose to enter long positions (provided that there is a volume increase and a rebound in the 86,500-85,800 range).
ETH: The altcoin is rebounding sharply, but it also falls just as quickly. Tonight, we only need to focus on whether the 2,950-2,930 level can hold. If it holds, we will see a V-shaped recovery during the daytime; if it does not hold, it will continue to test the strong support neckline at 2,800.
Intraday trading view (focus on high shorts, do not think about catching the bottom. Catching the bottom is just giving fuel to the bears.)
Enter long positions near the 2,950-2,930 level for ETH, with a stop loss at 2,930 and a take profit target of 3,050-3,140 above.
Enter long positions for BTC near the 86,500-85,800 level, with a stop loss at 85,500 and a take profit target of 89,300-89,700.
Statement: If the take profit level is reached without breaking through the previous high, it is a signal to reverse and enter short positions. In summary, recent operations should follow the principle of high shorts and low longs, moving with the main force's rhythm of washing the market.
The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Lastly, everyone should remember the two key points I mentioned in my last article: focus on trial positions in the short term, and once we move away from our target range, it will be the last opportunity to make significant gains before the end of the year. I am Tommy from K-line Life, your real-time crypto steward.
For more related coin analysis, please follow the official account for details. ↓
Mainly focused on spot, contracts, BTC/ETH/ETC
Specializing in style: K-line trading
Original trading strategy based on volume.
Short-term wave highs and lows, medium to long-term trend trades, daily extreme pullbacks, weekly K-top predictions, monthly head predictions.
Official account QR code (K-line Life Tommy)
Warm reminder: The official account at the end is the only one created by the author!!
Please be cautious in distinguishing between true and false, thank you for reading!
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